Federal Reserve Issues Additional Guidelines for Banks Considering Crypto Activities

​  The US Federal Reserve has issued additional guidance for banks considering crypto activities. The firms are needed to make sure they had systems in place beforehand to ensure the volatile assets did not threaten safety and soundness or consumer protections. Banks should also have adequate risk management systems and controls in place before getting involved in crypto… The US Federal Reserve has issued additional guidance for banks considering crypto activities. The firms are needed to make sure they had systems in place beforehand to ensure the volatile assets did not threaten safety and soundness or consumer protections. Banks should also have adequate risk management systems and controls in place before getting involved in crypto…